Global financial crisis timeline of events

"We have basically prepared an important foundation for 2021 and the next five years in terms of production capacity and macro-economic system," he said, noting that given the complicated developments in the region and the world, Vietnam should accept changes in the new condition, including changes in habits and even legal institutions related to economic development. … [Read more...] about PM asks experts to study new driving force for development

Hanoi (VNA) - Trucks carrying heavy loads and passenger coaches will be prohibited from traveling through a number of roads in the capital city of Hanoi during the 13th National Party Congress which will be held from January 25 to February 2. In a bid to ease traffic flow for the important political event, lorries carrying 500kg and more and coaches with 24 passengers or above will be banned from certain streets. Trucks and coaches will not be allowed to travel from 6am to 9am on January 24 on the following streets: Pham Hung, Thang Long Boulevard, Do Duc Duc, Khuat Duy Tien, Tran Duy Hung, Nguyen Chi Thanh, Dao Tan, Kim Ma, Lieu Giai, Van Phuc, Nguyen Thai Hoc, Tran Phu, Hung Vuong, Chu Van An, Hoang Dieu, Doc Lap, Le Hong Phong, Hoang Van Thu, Nguyen Tri Phuong, Dien Bien Phu, Nguyen Quyen, Tran Binh Trong, Tran Hung Dao, Quan Su and Trang Thi. The traffic restrictions will also be in place from 6.30am to 8.30am, 10.30am to 2pm and from 4pm to 6.30pm from January 25 until the … [Read more...] about Traffic restriction to be imposed on dozens of Hanoi’s streets

Hanoi (VNA) - Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB). In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports (23.1 percent) and exports (17.8 percent), while FDI inflows slowed. Consumer price index remained flat in December 2020, as food prices stabilised, while consumer demand has yet to fully recover from the crisis. Credit growth picked up slightly after the State Bank of Vietnam cut policy interest rates in October, ending 2020 at 10.1 percent. Auctions and granting of land use and rental improved revenue collection in the last … [Read more...] about Vietnam – one of fastest growing economies: WB

Addressing the event, Deputy Foreign Minister Nguyen Quoc Dung thanked ASEAN member countries for supporting Vietnam in 2020, expressing his belief that Brunei will lead the ASEAN through challenges to recover from the pandemic. Vietnam is ready to cooperate with Brunei in performing the role of ASEAN Chair in 2021. The Vietnamese official suggested using the ASEAN fund for COVID-19 response to buy vaccines, first of all for medical staff, adding that Vietnam called on all ASEAN member countries to fully operate the Regional Reserve of Medical Supplies (RRMS). He stressed that the grouping should optimise the outcomes that ASEAN had achieved in 2020, proposing that key agencies in charge of ASEAN Community’s pillars continue to improve and complete the remaining action lines in the master plan for the 2025 ASEAN Community Vision. He also asked ASEAN to early define the roadmap to build the ASEAN vision 2025 based on the Hanoi Declaration on the ASEAN Community’s … [Read more...] about ASEAN senior officials discuss preparations for AMM Retreat

Ha Nam (VNA) - Authorities in the northern province of Ha Nam have set a target of creating 16,500 jobs and sending 1,000 workers overseas in 2021. The provincial Department of Labour, Invalids and Social Affairs will continue to coordinate with other agencies and organise events to introduce jobs to workers currently enjoying unemployment benefits. The department will also adopt measures to offer timely support to local enterprises facing problems in production and business, thus helping ensure stable employment. … [Read more...] about Ha Nam targets 17,500 new jobs in 2021